If you are looking to put cash into your business but are worried that you won’t qualify for a small business loan from your local bank, then credit card factoring might be for you.
Category: All Posts
Today’s small business owners have more ways to infuse cash into their businesses than business owners of generations ago. Fifty years ago, for instance, businesses relied primarily on small business term loans to get cash to maintain cash flow, acquire new assets, and expand into new territories. Those who didn’t qualify were left with few options to turn to and often had to resort to asking friends and family for a loan.
Though many pundits claim the recession is officially over, other still feel its pains as this economic slow period appears to keep hanging on. Too many small businesses are feeling the sting of the slowdown in terms of weaker sales, fewer customers, and less foot traffic. Yet as sales dip, expenses such as payroll, overhead, equipment and more remain as high as ever and before you know it you are struggling to keep your head above water let alone make any real money. As revenue dries up, cash flow becomes a problem and this can be the undoing of your business.
Thus far, 2014 has proved a challenging winter even in places that are used to snow and cold such as the New York area, the Midwest, and New England. According to USA Today, harsh winter weather has also pounded many places that aren’t used to getting snow at all such as Atlanta, Georgia and the surrounding Southeast. Unexpected power outages, road closures, stand-still traffic and record-number school and business closings have wreaked havoc across these parts of the country. Especially for some Georgia businesses.
Though it may be natural to procrastinate when it comes to preparing your annual taxes, it is generally better to get started sooner rather than later. Tax laws and regulations for filing change each year and starting early can give you enough time to make sure you are up to date.
Though it may be a little early for the official tax filing deadline of April 15, if you own or manage a business, it is never too early to start your tax planning preparations. Starting early can prevent a costly, mid-April scramble as well as ensure you have all of your line-item deductions properly delineated. If you are rushed to file, it is more likely you may overlook or miss out on money-saving deductions.
According to the Wall Street Journal, the United States consumes more energy than almost any other country in the world (minus China). Despite efforts to conserve, recycle and reuse resources when we can, we will more than likely remain an energy-consumption nation. Computers, air conditioners, cars, manufacturing facilities, the heating buildings and homes, and more are all modern day conveniences we all enjoy. In fact, our way of life relies on these energy-expending activities.
The Olympic Games are all about sports competition, athletic ability, and national pride. Yet if you run a business, the Olympics might be all about numbers. This year’s Winter Games, controversially held in Sochi, Russia, will attract audiences the world over; millions and millions will tune in to watch the competitions on TV. And because they only come once every two and four years, their rarity provides instant appeal and magnetism.
Industries: Staffing Sector
Location: Lynchburg, VA
How Much? $100,000
It may sound counterintuitive, but the staffing and employment agency sector has experienced considerable growth in recent years as a result of the flat economy. Companies have shown a reluctance to hire full-time employees and instead have opted to hire temporary workers as well as independent contractors.
With Shale Oil Exploration Expected to Boom, Business Factors & Finance Primes for Growth in Oil & Gas Factoring
Oil and Gas Funding Needed to Support the Sustained Development of Shale Oil and Gas Drilling, Procurement, and Transportation
Los Angeles, CA — February 13, 2014 — Business Factors & Finance, an alternative commercial financing company providing factoring accounts receivables, invoice factoring, and oil and gas funding to small and medium-sized businesses, is preparing for the expected rise in services demand due to the surge in shale oil and gas exploration starting in 2014.